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Search Results 0 to 26 of about 27 (some duplicates have been removed)
the world and back here at home, hi, everybody, we're so glad you're with us, i'm jenna lee. jon: and i'm jon scott. "happening now," capitol hill gridlock just days before a default deadline. right now there is no bipartisan teal on the table and no vote today on house speaker john boehner's plan to raise the debt ceiling. august 2nd is just six short days away, and that leaves the very real prospect of default or a credit downgrade. can washington make a deal? wendall goler, our senior thousands foreign affairs correspondent be live on the north lawn for us now. >> reporter: more tough news today from the congressional budget office which says both of the leading plans from republicans and democrats to cut the deficit and raise the debt ceiling fall short of what their authors claim. senate majority leader harry reid's plan would actually cut half a trillion less from the deficit than he says it would, house speaker john boehner's plan falls about $350 billion short. boehner has canceled plans for a vote on his proposal today and gone back to the drawing board, and since he has promis
you. jon: we still have debt deadlock on capitol hill with the default deadline just eight days away now. congressional leaders are still struggling to hammer out some kind of a deal, one that would raise the limit on our nation's credit card while cutting trillions of dollars in spending. house speaker john boehner may unveil his own bill today. harry reid said it would be a nonstarter. wendell goler is live on the north lawn with more. >> reporter: speaker boehner's plan would take the spending cuts agreed to before talks with vice joe biden broke down and raise the debt ceiling a little less than that. it would satisfy the speakers bottom line which is cutting spending more than the debt ceiling is raids but we'd have to go through this all over again by the end of the year. the speaker said yesterday it would solve the immediate crisis. >> there is going to be a two-stage process. it's not physically possible to do all of this in one step. having said that, chris, i know the president is worried about his next election, but my god shouldn't we be worried about the country? >> rep
. it was believed they forged a partnership, but jon karl is in washington, and the speaker fired off a letter just before we came on the air tonight? >> reporter: that's right. the speaker and the president were on the verge of an historic deal that would have cut spending by $3.5 trillion, dealt with the debt crisis and raised that debt ceiling. now, the speaker has fired off this letter to all the members of the house, saying the deal, the talks are over. he says it has become evident that the white house is simply not serious about ending the spending binge. in the end, the speaker writes, we could not connect. i'm told this broke down over a disagreement over how much to raise tax revenues. >> and jon, you know it wasn't long after we learned that this letter was coming that the president said he was going to fire back then, too. here's what the president just said, we'll get your reaction herere >> we have run out of time and they are going to have to explain to me how it is that we are going to avoid default. and they can come up with any plans s at they want and bring them up here and we wi
this next election. but shouldn't we be worried about the country? [ jon ] we don't just come up here for the view up in alaska. it's the cleanest, clearest water. we find the best, sweetest crab for red lobster we can find. yeah! [ male announcer ] hurry in to crabfest at red lobster. the only time you can savor three sweet alaskan crab entrees all under $20, like our hearty crab and roasted garlic seafood bake or sn crab and crab butter shrimp. [ jon i wouldn'tut it my table at home, i wouldn't bring it in. my name's jon forsythe, and i sea fd differently. really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] new ensure hh protein. ensure! nutrition in charge! and what it doesn't cover can cost you some money. tha
or sn crab and crab butter shrimp. [ jon i wouldn'tut it my table at home, i wouldn't bring it in. my name's jon forsythe, and i sea fd differently. >> shepard: second time enemy less than two months a sex scandal forcing congressman to leave office. david wu announcing he will resign today amid accusations he had a sexual encounter with a recent high school graduate. she describes it as unwanted. he describes it as consensual but says is he quitting for the well-being of his own children. he says he will stick around until after congress resolves the debt crisis. hello. here he is headed for the vote on the house floor earlier. this comes just weeks after the former new york congressman anthony weiner resigned in a section sexting scandal. he made get up this year when he mailed a photo of himself dressed up as, i don't know, tiger. several staffers quit citing erratic behavior. shannon bream in washington. he says is he resigning but doesn't plan on leaving right away. >> he might not have wanted to go at all. turns out oregon's two democratic senators sent wu a message. they were p
, quite a reaction there. listen, jon. williams was tiger's last link to his glory days and he took a lot of heat to tiger's scandal. wa's going on here. >> williams worked for another player. williams is upset. given what's gone on with tiger woods, how could this be handled so poorly? this is turned the biblical story. this guy had it all and it keeps crashing down. month by month, there's sort of another decline. he could let it turn into a p.r. nightmare really boggles the month. >> how much is tiger going to miss williams as he tries to make a comeback from his recent scandal and the injuries. >> this is a guy who's going to get snapped up in a second. >> until he can get back out there on the golf kourks people see him on the putting green limping around. until his body stops betraying him, it's almost a moot point. you wonder how this could go so badly. >> jon wertheim, thank you. author of the book "score casting." go out and get that book. >>> next hour we're going to be talking with hall of fame quarterback fran tarkenton about the lockout and also his thoughts about the suit by
extension in six months or so, after congress can identify more cuts. on face the nation, ears senator jon kyl said that would satisfy the republican aim of offsetting any increase in the debt ceiling with equal or greater cuts in spending. >> if we can reduce spending by a trillion dollars, then we extend the debt ceiling a trillion dollars worth and that would take it at least through the end of this year. >> but the president warned on friday he would veto that approach. president obama called for an increase in the debt ceiling. >> we have to extend this debt ceiling through the next election, into 2013. >> treasury secretary time geithner argued today that anything less would inject too muchen certainty into a weak dme. >> we can't adopt a approach that leaves the threat of deal hanging over the country. that would be deeply irresponsible to do. >> both sides blame the other for dragging the economy to the brink over of all things raising the debt ceiling, a typically uneventful affair congress has successful carried out more than 70 times. >> i would just say to to speaker boehner th
? they're both from that state. happy birthday to matt leblanc. he turns 44 today. [ jon ] we don't just come up here for the view up in alaska. it's the cleanest, clearest water. we find the best, sweetest crab for red lobster we can find. yeah! [ male announcer ] hurry in to crabfest at red lobster. the only time you can savor three sweet alaskan crab entrees all under $20, like our hearty crab and roasted garlic seafood bake or sn crab and crab butter shrimp. [ jon i wouldn'tut it my table at home, i wouldn't bring it in. my name's jon forsythe, and i sea fd differently. ♪ you know how i feel ♪ sun in the sky ♪ you know how i feel ♪ breeze drifting on by ♪ you know how i feel [ female announcer ] weight watchers, rated #1 best plan for weight loss by u.s. news and world report. join right now and you can join for a dollar. weight watchers. because it works. join right now and you can join for a dollar. [ female announcer ] erybody loves that cushiony feeling. uh oh. i gotta go. [ female announcer ] and with charmin ultra soft, you can get that same cushiony feeling you love
security check riding on the outcome. abc's jon karl joins us now, from washington, with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal with the house speaker, john boehner. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security. also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes. that's something that congress would act on over this last year. >> that last one, isn't that disguise? a tax increase in >> reporter: well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts. possibly, elizabeth, they're talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they hav
markets. let's get a reality check from abc's countdown team. jake tapper at the white house. jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the table a credit downgrade. the s&p says the u.s. could lose its aaa ratings in the next three months. that would mean that interest rates go higher. it would be more difficult for people to get a loan out there. and it could be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting th
won't believe where. [ jon ] we don't just come up here for the view up in alaska. it's the cleanest, clearest water. we find the best, sweetest crab for red lobster we can find. yeah! [ male announcer ] hurry in to crabfest at red lobster. the only time you can savor three sweet alaskan crab entrees all under $20, like our hearty crab and roasted garlic seafood bake or snow crab and crab butter shrimp. [ jon ] i wouldn't put it on my table at home, i wouldn't bring it in. my name's jon forsythe, and i sea food differently. i wouldn't bring it in. the eagle flies at dawn. the monkey eats custard. price-line ne-go-ti-a-tor. so, you've been double crossed by other travel sites and now you want to try the real deal. yes, is it true that name your own price... ...got even easier? affirmative. we'll show you other people's winning hotel bids. so i'll know how much to bid... ...and save up to 60% i'm in i know the lady in leather travels on three wheels. wait, is that code? that's my secret weapon... ...naomi pryce see winning hotel bids now at priceline. i don't always have time to eat li
with anticipation. i'm jon haber of alto music. my business is all about getting music into people's hands. and the plum card from american express open helps me do that. you name it, i can buy it. and the savings that we get from the early pay discount has given us money to reinvest back into our business and help quadruple our floor space. how can the plum card's trade terms get your business booming? booming is putting more music in more people's hands. >>> president obama talked about being the adult in the room. where's his plan to cut spending and raise the debt limit? listen, we're in the first quarter here. we're fighting for jobs. we're fighting for the country's future. and we're fighting for the american people. >> all right. so we're seeing now you heard the house speaker there boehner say, look, we're in the fourth quarter. this it takes time to move this thing through congress to meet the debt ceiling deadline of august 2nd. we have 11 days before that happens. off got big demands from mayors, from business experts warning lawmakers that defaulting on our debt could have a bi
? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. the only thing that everyone seems to be accepting that any deal won't include any new tax increase. >> that's the big deal. you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. so the republicans are coming up with their plan, which would include about $1 trillion in cuts now. it would require the president to come back to congress next year to ask for another debt ceiling increase. >> that's the huge sticking point for the white house. the president has made it clear time and time again that he won't sign a short-term increase. he squashed it at the meeting last night. >> republicans leaders have said that as well. they didn't want any short-term solution to this problem. they changed their tune on this. white house said
! forget i said anything! >> the funny stuff is from jon stewart. the banner the end of the world as we owe it. that's funny. >> i'm fascinated they can have so much fun with this. maybe i've just been doing this too long so think -- i think it's dull for people. these guys make it kind of funny. >> one said federal government
Search Results 0 to 26 of about 27 (some duplicates have been removed)